"solutions...with Courtney Anderson!"™

This episode is part of our FINANCIAL FIERCENESS!™ series! This series integrates our financial goals into our development plan for surpassing our goals. This episode is, “Never have only one income stream! DIVERSIFY! (Baskets of Money)” Diversify: to change (something) so that it has more different kinds of people or things (http://www.merriam-webster.com/dictionary/diversify) Option 1) No Diversification/ Only 1 income stream: You have a full time job with a large company. You earn $3,700 USD gross per month. After taxes and other mandatory withholding, you have $2,600 USD per month (your net take home pay). Out of this amount you have to pay all of your necessary bills (utilities, etc.) and ideally you should save a percentage (15% or more is suggested). Then the “extra” leftover money is yours to use at your discretion for fun (entertainment, dining, etc.). You lose your job (layoffs, the firm goes out of business, etc.). Your income is now $0 USD per month. What do you do? Option 2) Diversification/